Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work....
Cadila Healthcare Futures
The resistance here is the breakout level as well. The stock is trading very close to it. Once the candles cross and trade strongly above 558, Cadila Healthcare might show a big breakout.
Daily chart (long term)
DEMA here is perfectly aligned.
Volume has a strong green bar.
MACD is very...
CADILAHC on the daily time frame has created an interesting setup. As per my 3 Rivers System, the stock is in an UP trend and has entered the lower edge of the River. Herein strong supports from (410-415) kicks in which has earlier worked as a strong source of support & resistance. Essentially the stock is at valid supports.
Now add on two more elements - an...